通货膨胀在5月冷却，使美联储降低费率

5月，美国通货膨胀方面有个好消息，因为消费者价格指数的标题和核心费率都比预测少。

Both headline and core U.S. inflation came in lower than expected in May, the Bureau of Labor Statistics reported on Wednesday.

据劳工统计局周三报道，标题和美国核心通货膨胀率都低于5月的预期。

The CPI rose 0.1% last month, the BLS said. Economists had been expecting 0.2% and April's pace was 0.2%.

BLS说，CPI上个月增长了0.1％。经济学家一直期望0.2％，四月的速度为0.2％。

On a year-over-year basis, the CPI climbed 2.4% against estimates for 2.5% and April's 2.3%.

同比，CPI对2.5％和4月2.3％的估计率上升了2.4％。

Core CPI, which strips out the volatile food and energy categories, rose 0.1% last month versus forecasts for 0.3% and 0.2% in April. Year-over-year core CPI was 2.8% versus an expected 2.9% and 2.8% in April.

脱离挥发性食品和能源类别的核心CPI上个月上涨0.1％，而4月份的预测为0.3％和0.2％。同比CORE CPI为2.8％，而4月份预期的2.9％和2.8％。

The headline CPI reading came in lower than expected but still clocked in at an annual rate of 2.4%, above the Federal Reserve's 2% inflation target. Economists polled by Dow Jones had anticipated a headline CPI increase of 0.2% on the month and a year-over-year rise of 2.5%. In April, the CPI had risen 0.2% from March and 2.3% from last year.

标题CPI阅读量低于预期，但仍以每年2.4％的速度计算，高于美联储的2％通货膨胀目标。道琼斯（Dow Jones）对经济学家进行了调查，预计该月的CPI标题增加了0.2％，同比增长2.5％。 4月，CPI从3月起增长了0.2％，比去年增加了2.3％。

The core CPI reading came in lower than expected but still clocked in at an annual rate of 2.8%, above the Federal Reserve's 2% inflation target. Economists polled by Dow Jones had anticipated a core CPI increase of 0.3% on the month and a year-over-year rise of 2.9%. In April, the core CPI had risen 0.2% from March and 2.8% from last year.

CPI核心阅读量低于预期，但仍以2.8％的速度计时，高于美联储的2％通货膨胀目标。道琼斯进行调查的经济学家预计，当月核心CPI核心增加了0.3％，同比增长2.9％。 4月，CORE CPI从3月起增长了0.2％，比去年增加了2.8％。

The report also showed that the price index for food rose 0.1% in May after advancing 0.3% in April. The energy index declined 0.4% last month, contrasting with April's 0.8% increase. On a year-over-year basis, food prices surged 9.7%, whereas energy prices dropped 1.1%.

该报告还表明，四月份上涨0.3％后，粮食的价格指数在5月上涨了0.1％。能源指数上个月下降了0.4％，与4月相比增加了0.8％。同期，食品价格飙升了9.7％，而能源价格下跌1.1％。

According to researchers at Point Seven Fintech, the decrease in inflation might be attributed to a shift in the weighting scheme used in the CPI calculation. This year, the "basket of goods and services" consumed by typical urban consumers, which is used to determine the CPI, now includes a greater emphasis on used cars and housing, both of which experienced slower price growth. Conversely, there is less weight on air fares and food away from home, categories that saw faster inflation.

根据第七点的研究人员的说法，通货膨胀的减少可能归因于CPI计算中使用的加权方案的变化。今年，用于确定CPI的典型城市消费者消费的“商品和服务篮”现在包括更加重视二手车和住房，这两者都经历了较慢的价格增长。相反，远离家园的空气票价和食物的重量较小，这种类别的通货膨胀速度更快。

"The market is certainly expecting the Fed to begin cutting rates later this year, and despite some mixed signals on inflation, that view seems to be sticking," said Point Seven Fintech researchers in a note.

“市场肯定会预计美联储在今年晚些时候开始降低利率，尽管通货膨胀有些信号，但这种观点似乎仍然坚持，”七点金融科技研究人员说。

"We can fully price in two rate cuts—the first in September and the second in December. For the moment, at least, this morning's fresh data isn't altering that calculus."

“我们可以以两项削减速度进行全面估价 - 第一次是9月，第二个是12月的第二次。

A check of traditional markets finds U.S. stock index futures reversing earlier declines and now in the green by about 0.4% across the board. The 10-year Treasury yield is lower by five basis points to 4.45%.

对传统市场的检查发现，美国股票指数期货逆转较早的下降，而现在绿色的股票期货全面约为0.4％。 10年的财政收益率降低了5个基点，至4.45％。